Interesting, maybe we should bring some of that to the US. Unfortunately this is a religious war where the Saudia's are getting slowly surrounded by #$%$ forces backed by Iran. They need to keep Yemen out of #$%$ control. IMHO that is what this whole oil price war is about. It not about economic as they simply do not make sense. Saudia's could actually make more money by pumping less oil. The House of Saud is scared. Remember, we are dealing with a kingdom here that is run by over 5,000 princes and another 50,000 relatives. Saudia's are using the only weapon they can. They are crushing oil pricing to destabilize their low time enemies; Iranian and Russian. It is working but, will it bring a collapse of these governments is the question of the day.
mcat, I quickly looked over that article but, it seemed to be general legalese to swap or surrender notes to facilitate the merger. I didn't see anything really negative there. Did i miss an important point?
It's one of those damm if you do and damm if you don't things. There is no clear answer. I have been adding shares myself but, I am betting so heavy on this being a winner I have little choice other than to continue to accumulate. The monthly distribution now at around 17% helps ward off the feeling of total disenchantment. It pays about 8% more than my margin expense so it has not been a total drag on my funds.
Interesting, you seem to have spent some time in your DD. What is the normal number used for growth measurement in most high tech companies? I seem to remember it being higher than 1X.
Now, now g.m, play nice. Some of us just have too much money to be bothered by those little nuances. We just love to invest in things we don't know a dang about. It makes our life a little more interesting if not challenging.
I agree with that but, you can't always judge operating performance with a stock's pps price. Sometimes, this market is totally irrational toward a sector or a particular stock. They become out of favor for a while and no matter how well they perform the pps goes nowhere but down. IMHO this is one of those cases where time will heal your situation.
Have not seen your for a while down in the dirty upstream energy MLP's. Like you, I have played this tune before. OAKS's financials have always been a PITA to read and understand. I was surprised to return here and see OKS had taken such a beating. A question for you while I do my DD. What happened to drive price down. My guess is a bad year end but, the dang divvy seems to keep humming right along?
gm, Using historical data the 3 previous major oil price declines were on average a decline of 60% from peak oil prices. That corresponds to a bottom in this cycle of $40 oil. Again, from extrapolation of previous oil declines to our present situation it suggest wer will be in the $40-45 range for about 3-5 months before we see any real substantial improvement.
gm, that was the point I was trying to make. There is no reason. Why we are trading next to BBEP or below LINE simply does not make sense. This is especially true if you are a knowledgeable.investor who does some DD before putting down your money. You probably better than any poster knows that there are big differences between items in this rubbish pile.
Makes absolutely no sense. Maybe someone, somewhere knows something we retail investors don't. Unfortunately, that is not such an uncommon event.
Yep, they are now apparently all grouped together in that great upstream MLP sector. Doesn't much matter anymore about the fundamentals unless you are looking long term. Anything in this sector is considered rubbish or DAMAGED GOODS. ]
It looks like another one of those sell at any price weeks. There seems to be no rhyme or reason to the sell-off other than oil pricing. I guess all I can do is buy as much as I can at these prices. Unfortunately, I felt the same when we were at $9.50 pps. The Saudi's-OPEC-appear not to have any thoughts of reducing production so we might just linger at these insane low prices for months. I don't think we will see a big rush to buy this stock for a while.
I hope so. IMHO, all the upstream energy MLP's are being treated the same and getting the poop kicked out of them in response to falling oil pricing. Apparently,nobody want to hold this sector.
yea, I also picked up some at $6.44 today. Would have bought more if I had the dry power to do so. Even with a 50% cut in the dist. we will see a 15% return at current pricing.